A short YouTube monologue (Kardec Trader, Nov 2, 2023) advising traders to focus on improving the trading process and self-awareness rather than only financial results. The speaker emphasizes identifying specific problems, working on them month-to-month, valuing small non-financial wins (like reduced drawdown or surviving a trading period), and maintaining motivation when profits are absent.
Trading. Everyone looks at successful or failure trading by money. Yes, after a certain point, that's what it comes down to. But starting out, your wins and losses have to be about was I able to identify my problems? Was I then able to work on my problems? If you identify a problem this month and you work on it next month, it may not reflect on your piano as you'd like, but that is a win. And give yourself a pat on the back. Because I think traders, when they don't see results financially, like, oh, I made a thousand or I made $2,000, they get very demotivated. Oh, I'm not doing good because I haven't made money for a month. No, in a month you were able to experience the in, learn about yourself and still stay alive or have a very minimal drawdown. That to me is success. Give yourself that credit.
